Gadepan, Distt. Kota (Rajasthan), PIN-325208 - Chambal Fertilisers ...

Chambal Fertilisers and Chemicals Limited
Regd. Office: Gadepan, Distt. Kota (Rajasthan), PIN-325208
UNAUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2010
(Rs. in Lac)
Quarter Ended
Period Ended
Financial
S.
Particulars
(Unaudited)
(Unaudited)
Year Ended
No.
31.03.2010
31.12.2010 31.12.2009 31.12.2010 31.12.2009
(Audited)
1 (a) Net Sales / Income from Operations 135280.69 114166.65 383932.13 286901.76 357450.19
(b) Other Operating Income 603.74 439.46 2093.09 1556.71 2589.12
2 Expenditure
(a) (Increase)/ Decrease in Stock in Trade and Work in
Progress 15113.85 21129.78 (4664.46) 10198.92 7605.33
(b) Consumption of Raw Materials 31993.84 26177.16 84591.57 77010.50 103087.10
(c) Purchase of Traded Goods 30355.19 18724.55 139599.85 58397.02 59987.27
(d) Employees Cost 2736.26 2445.41 8397.57 7323.42 9860.71
(e) Depreciation / Amortization 6669.16 6391.64 20270.86 19555.60 25761.77
(f) Power & Fuel 16809.50 13348.35 46353.78 41798.09 55879.41
(g) Other Expenditure 15886.91 13838.27 50941.61 42729.30 57992.77
Total (a to g) 119564.71 102055.16 345490.78 257012.85 320174.36
3 Profit from Operations before Other Income, Interest,
Exceptional Items & Tax (1-2) 16319.72 12550.95 40534.44 31445.62 39864.95
4 Other Income 1152.47 817.87 4289.59 3100.56 4094.57
5 Profit before Interest, Exceptional Items & Tax (3+4) 17472.19 13368.82 44824.03 34546.18 43959.52
6 Interest 2306.41 2235.15 8001.86 6222.35 8515.21
7 Profit before Exceptional Items and Tax (5-6) 15165.78 11133.67 36822.17 28323.83 35444.31
8 Exceptional Items - - 436.87 436.87 436.87
9 Profit from Ordinary Activities before Tax (7+8) 15165.78 11133.67 37259.04 28760.70 35881.18
10 Tax Expense
4423.50 3159.15 11513.70 8793.69 10976.06
- Current Tax
4845.23 3488.39 13705.95 10042.37 12962.21
- Deferred Tax
(440.30) (343.84) (2245.82) (1296.42) (2049.43)
- Tonnage Tax
18.57
14.60
53.57
47.74 63.28
11 Net Profit for the Period (9-10) 10742.28 7974.52 25745.34 19967.01 24905.12
12 Paid-up Equity Share Capital
(Face value of each share - Rs.10) 41620.79 41620.79 41620.79 41620.79 41620.79
13 Reserve excluding Revaluation Reserves 97384.95
14 Earnings per Share (Rs.)
2.58
1.92
6.19
4.80
5.98
( Basic and Diluted )
(Not annualised) (Not annualised) (Not annualised) (Not annualised)
15 Public Shareholding
- Number of Shares
- Percentage of Shareholding
16 Promoters and Promoter Group Shareholding
a) Pledged / Encumbered
- Number of Shares
- Percentage of Shares (as a % of the total
Shareholding of Promoter and Promoter Group)
- Percentage of Shares (as a % of the total Share
Capital of the Company)
b) Non- Encumbered
- Number of Shares
- Percentage of Shares (as a % of the total
Shareholding of Promoter and Promoter Group)
- Percentage of Shares (as a % of the total Share
Capital of the Company)
187677338
45.09
26866795
11.76
6.46
201663719
88.24
48.45
194637633
46.77
14150000
6.39
3.40
207420219
93.61
49.83
187677338
45.09
26866795
11.76
6.46
201663719
88.24
48.45
194637633
46.77
14150000
6.39
3.40
207420219
93.61
49.83
194637633
46.77
11450000
5.17
2.75
210120219
94.83
50.48
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SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
S. No. Particulars
1 Segment Revenue
Quarter Ended
(Unaudited)
Period Ended
(Unaudited)
31.12.2010 31.12.2009 31.12.2010 31.12.2009
(Rs. in Lac)
Financial
Year Ended
31.03.2010
(Audited)
a) Own Manufactured Fertiliser 68301.70 59930.63 187431.31 170526.40 224078.07
b) Traded Goods 49989.21 40445.89 150375.35 74305.42 76108.89
c) Shipping 7024.11 6048.59 20747.50 20789.69 27660.35
d) Textile 9965.67 7741.54 25377.97 21280.25 29602.88
Total (a to d) 135280.69 114166.65 383932.13 286901.76 357450.19
Less : Inter Segment Revenue - - - - -
Net Sales/ Income from Operations 135280.69 114166.65 383932.13 286901.76 357450.19
2 Segment Results
Profit / (Loss) before Interest, Exceptional Items
and Tax from each Segment
a) Own Manufactured Fertiliser 11103.21 10004.50 31363.65 28207.55 36724.73
b) Traded Goods 3317.38 1046.11 8091.56 2536.38 2207.04
c) Shipping 2355.40 2249.20 2640.44 3910.76 4418.03
d) Textile 1074.09 298.31 2921.95 587.59 1242.43
Total (a to d) 17850.08 13598.12 45017.60 35242.28 44592.23
Less: (i) Interest 2306.41 2235.15 8001.86 6222.35 8515.21
(ii)
Other Unallocable Expenditure net off
Unallocable Iincome# 377.89 229.30 (243.30) 259.23 195.84
Profit before Tax 15165.78 11133.67 37259.04 28760.70 35881.18
3 Capital Employed
(Segment Assets-Segment Liabilities)
a) Own Manufactured Fertiliser 164964.43 193449.17 164964.43 193449.17 174228.66
b) Traded Goods 43738.41 14519.57 43738.41 14519.57 11500.44
c) Shipping 145010.89 143011.36 145010.89 143011.36 152823.23
d) Textile 20098.58 22704.97 20098.58 22704.97 23794.98
e) Unallocated Capital Employed (209061.24) (230282.90) (209061.24) (230282.90) (223341.57)
Total (a to e) 164751.07 143402.17 164751.07 143402.17 139005.74
# This includes exceptional items.
By order of the Board
Place: New Delhi
Date: January 22, 2011
Anil Kapoor
Managing Director
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Notes:
1. The results for the period ended December 31, 2010 have been prepared on the basis of notified concession prices for urea
under the New Pricing Scheme (NPS), further adjusted for input price escalation / de-escalation, as estimated on the basis
of prescribed norms. The concession price of urea notified by the Government of India under the NPS-Stage III effective for
the period October 1, 2006 to March 31, 2010, has been extended with effect from April 1, 2010 on provisional basis till
further orders.
2. During the period, the subsidy on Phosphatic and Potassic fertilizers has been accounted for as per the “Nutrient Based
Subsidy” policy announced by the Government of India with effect from April 1, 2010.
3. Other expenditure for the period includes (a) provision of Rs. 100 Lac (Nil during the quarter) on account of diminution in the
value of fertiliser bonds; and (b) provision of net mark to market loss of Rs. 1270.68 Lac (Reversal of provision of
Rs.1706.46 Lac during the quarter) for shipping division and Rs. 134.82 Lac (Reversal of provision of Rs. 51.76 Lac during
the quarter) for fertiliser division of the company on USD interest Rate Swap Transactions to convert floating rate loans to
fixed rates.
4. During the quarter, the Company has made investment of (a) Rs. 699.05 Lac (USD 1,550,000) in its wholly owned
subsidiary namely CFCL Overseas Limited, Cayman Islands; and (b) Rs. 350.00 Lac in its wholly owned subsidiary namely
Chambal Infrastructure Ventures Limited, India.
5. No investor complaint was pending at the beginning and end of the quarter ended December 31, 2010. During this quarter,
82 investor complaints were received and resolved.
6. Previous period/ quarter figures have been regrouped and/ or re-arranged wherever necessary to make their classification
comparable with the current period/ quarter.
7. The auditors have conducted limited review of the financial results for the period ended December 31, 2010. The results
were reviewed by the Audit Committee. The Board has taken on record the financial results at its meeting held on
January 22, 2011.
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